President Trump’s posts drown out positive developments for the market

U.S. stocks have traded volatilely, swinging from high to low like eight seasons of Game of Thrones.

At the lowest value during the session, S&P500 It fell as much as 1.5%, but rebounded and traded positively for much of the day after U.S. Trade Representative Jamison Greer suggested China’s next trade measures could affect how President Donald Trump implements his tariffs.

But market optimism was dampened when President Trump said he was considering a “suspension of edible oil-related trade with China” and other forms of punitive action, citing Beijing’s suspension of purchases of U.S. soybeans since May. Investors appeared to take the threat seriously, with the S&P 500 index down 0.2% on the day.

But developments in other regions were more encouraging. Federal Reserve Chairman Jerome Powell has indicated that the central bank may end its tight monetary policy on bonds. On the other hand, major banks, which are leaders in economic activity, JP Morgan Chase, city and goldman sachsbeat earnings expectations, suggesting economic fundamentals remain intact.

and in between oracle’s pivot to AMD’s Artificial intelligence chips — breaking away from Nvidia Graphics Processing Units – Jensen Huang may not be thrilled, but it reduces concentration risk and strengthens the case for investors relying on AI to keep the market moving higher.

Still, Trump’s rhetoric overshadowed everything else. The question then is whether his trade brinkmanship will derail the AI-powered market, or whether the Kingdom of the Magnificent Seven will survive.

President Trump threatens China with embargo on edible oil. This is in response to the Chinese government’s suspension of purchases of U.S. soybeans starting in May. U.S. Trade Representative Jamieson Greer said Tuesday that whether the tariffs on China will take effect 100% depends on the country’s response.

China’s price decline in September was larger than expected. The consumer price index fell 0.3% from the previous year, a sharper decline than the 0.2% decline expected by economists. However, core CPI rose 1% year-on-year, the highest level since February 2024, according to Wind Information.

ChatGPT will soon allow “erotica” for adults. OpenAI CEO Sam Altman announced the major shift on Tuesday, calling it part of the company’s “treat adult users like adults” principle. The company previously banned most adult content on chatbots.

U.S. stocks were mixed. On Tuesday, the S&P 500 and Nasdaq Composite fell, but recovered from their trading lows. However, the Dow Jones Industrial Average closed higher. Asia-Pacific markets rose on Wednesday. Korean Kospi The index rose more than 2.5%.

(PRO) Attractive European bond market. There is “real value” in this niche, said James Turner, co-head of EMEA global fixed income at BlackRock. Additionally, it provides protection against interest rate fluctuation risk.

Chinese companies withdraw from U.S. listings as Hong Kong IPOs surge

China’s U.S. initial public offerings (IPOs) are down 4% in deal value so far this year from a year ago, raising just $875.7 million from 23 deals. Meanwhile, Chinese IPOs in Hong Kong this year rose 164% year-on-year, raising $18.4 billion from 56 listings, according to Dealogic data.

One of the major frustrations for Chinese companies interested in listing in the U.S. is the Chinese government’s tight control over the IPO process. A growing number of U.S.-listed Chinese companies are turning to Hong Kong as the risk of delisting increases in the U.S., a trend that provides further tailwinds to Hong Kong’s booming market.

— Anique Bao